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10025 8th ST N, Naples, FL, 34108 | $1,099,000
Amazing Naples Park Investment Opportunity!!! This stunning 4-bedroom, 3-bathroom pool home spans 2, 011 square feet and is packed with features that make it a standout in the desirable Naples Park neighborhood.
For investors, this home is a gem. With an average rental income of $86k over the past three years(rental history available upon request), it’s a proven income generator. It has garnered impressive reviews on VRBO (175 reviews with an average rating of 9. 8) and AirBnB (18 reviews with an average rating of 4. 94). Naples Park is a fantastic investment neighborhood with no HOA fees and no rental restrictions, making it an attractive option for savvy buyers. This home is located in the X-500 flood zone so no flood insurance is required.
Why does this home rent so well you may ask?
The majority of the homes in Naples Park are much smaller. Most are 1200-1500 sq feet with only 3br and 2 bathrooms. This home boasts 2011 sq feet with 4 brs and 3 full bathrooms. 2 of the bedrooms are en-suites located on opposite sides of the home which makes it very private for large groups of travelers. 4br homes rent for approximately 25-30% more per night than 3br homes do. A heated pool is a must for most renters during season. This home features a large heated pool, which offers southern exposure and screen enclosure. Some renters are concerned about bugs while they spend time outside and this outdoor setup is ideal for those people. Location is another important factor. Naples Park is located very close to Vanderbilt Beach, Delnor-Wiggins Pass State Park, and Mercato, not to mention plenty of great dinning and shopping options for all.
Naples Park has no HOA fees or stringent rentals restrictions most other neighborhoods posses.
Why is that so important you may ask?
No rental restrictions means you are able to rent your home nightly which dramatically increases the annual rental income potential. The City of Naples and well as most of the other gated communities in SWFL have 30 and 90 day minimum rental policies and some communities even limit the amount of leases per year.
Don't miss out on this incredible opportunity. Whether you're looking for a primary residence, a vacation home, or a lucrative investment property, 10025 8th Street North has it all!
Features
- Amenities: None
- Bedrooms: 4
- Baths: 3 full
- Style: 1 Story/Ranch,Corner
- Development: NAPLES PARK
- Year Built: 1985
- Garage: 2-car Attached
- Heating: Central Electric
- Cooling: Central Electric
- Approx Sq. Feet: 2,011
- Acreage: 0.17
- Est. Taxes: $6,444
- Lot Desc: Corner,Oversize
- View: None/Other
- Community Type: Non-Gated
- Private Pool: Yes
- Pet Policy: No Approval Needed
- MLS#: 224075359
- Website: https://www.raveis.com
/eprop/224075359/100258thstn_naples_fl?source=qrflyer
William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
10025 8th ST N, Naples, FL, 34108
$1,099,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $879,200 | $879,200 | $879,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.443% | 6.258% | 6.201% |
| Monthly Tax Payment | $537 | $537 | $537 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,342 | $5,342 | $7,419 |
| Total Monthly Payment | $6,004 | $6,004 | $8,081 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388